This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Alibaba Group has been handed a record fine of $2.8 billion, but interestingly, its shares started pulling some positive numbers after the news.
With the recent explosion in the NFT market, Topps is seeing an encouraging trend and demand for NFTs. However, the company said that the pandemic reignited the demand for physical cards pushing Topps’ sales 23% north last year.
The move by Darktrace to go public in London is coming after the unimpressive market debut by Amazon-backed food delivery company Deliveroo.
The acquisition of Nuance by Microsoft is strategic and will help the latter to venture into the AI and speech recognition market.
Many experts have come forward with definite opinions on the Coinbase listing, which is the first of its kind in the crypto industry.
The launch of any crypto or NFT product by GameStop may stir a positive sentiment on the part of digital currency investors, a situation that may impact the company’s stock.
The possible valuation of Telegram may reach $30-$50 billion.
Coinbase’s leading position in the market could tumble if other exchanges try to take a bigger slice of the market.
Citing massive demand for its popular models, Tesla has updated the prices for its Model 3 and Model Y. However, the immediate concern in short term is that it has very little inventory at this point.
The Federal Reserve Chairman Jerome Powell noted on Thursday that the economy is yet to see a well-rounded recovery from the pandemic.
According to Ramp, the raised funds will go into more hiring and bolster its marketing efforts.
However, Impossible Foods may opt to raise funds through private means and delay the IPO.
Netflix has entered a pay-one deal agreement with Sony where it will get licenses to some of the popular movies and animations from Sony Pictures Entertainment.
The crypto market has been seeing unusual growth these days, encouraging exchanges to go public. Kraken’s major rival in the US Coinbase has already received approval from the SEC for its direct listing.
Dimon advocated for a regulatory field for all active participants in the financial system to compete in order to thrive.